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The days of calling your local realtor to find out what your home is worth are falling behind us. Real Estate Agents typically research the values of properties that are currently on the market, and others that have sold in the past in order to come up with an appropriate value for your home. This method of using a comparable market analysis has begun to see competition from several online technologies.
As technology improves, the tools we use to find the value of a property get better and better. Finding comps (comparable data) is now as easy as entering your address into a form. Beware that many of these services aren't as accurate as usng a professional, but if used together, they can help determine an approximate value range without using a pro.
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Real Estate Comparable Sales Resources
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Free House Value Sites
- Cyberhomes
From Fidelity National Financial, this site is fairly information rich. Find comps, get charts, maps, and graphs. This one stands out most with its heat maps and buy/sell indicator charts. You can also refine the value that is determined by adding improvements, correcting square footage, and more.
- Domania.com
They will send you the market value of your home as determined by local realtors. Note: You need to provide contact info to get your report.
- Eppraisal
Website that searches for other comparable properties in your area and determines a price value range for your home. It looks like the goal is to become a marketing engine for local realtors, though. Although not as feature rich as some of the others, this site is still useful. To use this free service, just enter your address.
- Home Smart Reports
Offers free house value engine including property information, nearby sales with map, and a neighborhood summary. For only a few dollars, you can get a much more advanced report with risk analysis, many more comps, and other statistical charts.
- Property Shark
Property shark provides public data on a property, recent sales, sale history, and comparables. No need to provide your contact info, either.
- Real Estate ABC
Find instant home comps for any property. This site provides maps, and property value ranges that you can adjust based on sevaral criteria. You can also pick and choose the properties to include as comps.
- Realtor.com
Realtor.com is now allowing you to search for your home's worth by showing what houses sold for in your area.
- Reply
Like many of the others, this site offers maps (with great aerial photos), shows many comparable home sales, and has market trends (showing things like % of renters and vacancies in the area). In addition, you can use the site to review the properties and make unsolicited offers on any home.
- Zillow.com
Find the Zestimate of any property's worth using comparable data. Zillow mashes this data up with Google maps so you can see what other properties in the area are worth as well. Includes property info, charts of property worth over time, and value ranges. The site lets you refine a property's value, like Cyberhomes, by adding improvements and changing other details about the property. You can also use the site to list a property for sale.
Other Home Value Sites
Pay Property Value Sites
- RealQuest.com
This service (rated tops by several BP members) provides tons of useful data on a given property. Basics include: Property Detail Report, Comparable Sales, Parcel Map/Assessor Map, Street Map, Neighborhood Information, Legal and Vesting, Automated Valuation (AVM), Transaction History, Custom Searches, and Flood Maps. Other reports include: statement of liens, foreclusure activity, fraud checks, transaction histories, and more.
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Know of other home value resources? Suggest a site
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